World Bank debars PwC Africa units over electricity project fraud

World Bank debars PwC Africa units over electricity project fraud

By Babajide Komolafe The World Bank Group has sanctioned three African affiliates of PricewaterhouseCoopers (PwC), imposing a 21-month debarment over their involvement in fraudulent and collusive practices linked to a major regional power project in Ethiopia. The affected firms—PwC Associates Africa Ltd (Mauritius), PwC Kenya, and PwC Rwanda—will be barred from participating in World Bank-financed […]
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Night clubbers as political errand boys, by Ochereome Nnanna

Night clubbers as political errand boys, by Ochereome Nnanna

On February 18, 2026, I wrote an article on this page titled: “City Boy’s South-East invasion”. It was all about the involvement of some Igbo socialites such as “E-Money”, “Obi Cubana”, “Cubana Chief Priest”, “Zenco” and others in Seyi Tinubu’s City Boy Movement which had just been imported into the South-East. Some Igbo activists felt affronted […]

Textile exports crash 55.3% to N16.55bn as imports hit N1.06trn

Textile exports crash 55.3% to N16.55bn as imports hit N1.06trn

By Yinka Kolawole Nigeria’s textile exports plunged sharply in 2025, dropping by 55.25 per cent to N16.55 billion from N36.98 billion recorded in 2024, even as the country’s importation of textile products surged significantly within the same period. Data obtained from the National Bureau of Statistics (NBS) showed that while export earnings from textile products declined […]

Slight inflation decline offers cautious optimism for businesses — LCCI

Slight inflation decline offers cautious optimism for businesses — LCCI

By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has said the marginal decline in Nigeria’s inflation rate offers cautious optimism for businesses and households, even as it warned that underlying risks could derail the fragile progress. In its reaction to the latest Consumer Price Index (CPI) report yesterday, LCCI noted that headline inflation […]

Apapa traffic system review won’t disrupt ports — NPA

Apapa traffic system review won’t disrupt ports — NPA

By Godwin Oritse The Nigerian Ports Authority (NPA) has assured port users and stakeholders that ongoing review of the Electronic Truck Call-Up System, popularly known as ETO, will not disrupt port operations or cargo movement. The Authority gave the assurance following the expiration of its agreement with Truck Transit Park Ltd (TTP), the firm managing the […]